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Power Transformer Market Share
General Electric holds a significant share in the power transformer industry, leveraging its advanced technology and global reach. Known for innovative solutions in transmission and distribution, GE's presence spans key regions, contributing to its leadership in providing efficient and reliable power infrastructure solutions worldwide.
Power Transformer Market Companies
Some of the major key players operating across the power transformer industry are:
- Bharat Heavy Electricals Limited
- Bharat Bijlee Limited
- CG Power & Industrial Solutions Ltd.
- Celme S.r.l.
- DAIHEN Corporation
- Grupo Comtrafo
- General Electric
- Hitachi Energy Ltd.
- Hyosung Heavy Industries
- Hammond Power Solutions
- Hyundai Electric & Energy Systems Co., Ltd.
- Hangzhou Qiantang River Electric Group Co., Ltd. (QRE)
- JSHP Transformer
- Kirloskar Electric Company
- Mitsubishi Electric Corporation
- Siemens Energy
- Schneider Electric
- Toshiba Energy Systems & Solutions Corporation
- WEG
- YueBian Electric Co., Ltd.
What is the size of the Asia Pacific power transformer market?
Asia Pacific power transformer industry is projected to surpass USD 18 billion by 2032 due to rapid industrialization and urbanization across countries like China, India, and Southeast Asia in the region.
Why is the demand for shell core power transformer growing?
Power transformer industry from the shell core segment is expected to reach over USD 14 billion by 2032, due to featuring a streamlined design that reduces their overall size and weight compared to traditional transformers, while maintaining or even enhancing their electrical performance.
How big is the power transformer market?
The market size of power transformer was worth USD 20.7 billion in 2023 and is expected to register 6.7% CAGR from 2024-2032 owing to the increasing demand for electricity due to rapid urbanization and industrialization, particularly in emerging economies worldwide.
Who are the key leaders in the power transformer industry?
Bharat Bijlee Limited, CG Power & Industrial Solutions Ltd., Celme S.r.l., DAIHEN Corporation, Grupo Comtrafo, General Electric, Hitachi Energy Ltd., Hyosung Heavy Industries, and Hammond Power Solutions, are some of the major power transformer companies worldwide.